GTPL Hathaway shares end lower after weak operating performance in December quarter – CNBCTV18

Buy / Sell GTPL Hathway share
IST3 Min(s) Read
IST4 Min(s) Read
IST5 Min(s) Read
IST3 Min(s) Read
India’s largest digital cable TV services provider GTPL Hathway Ltd. declined over 4 percent in morning trade on Friday after the company reported a 32 percent decline in its net profit at Rs 39.82 crore for the December quarter compared to Rs 58.62 crore in the corresponding year-ago period.
The company’s consolidated revenue from operations rose by 14.4 percent to Rs 685.63 crore in the December quarter from Rs 599.12 crore in the year-ago quarter.
Its consolidated EBITDA declined to Rs 131 crore from Rs 138 crore in the same quarter a year ago while the EBITDA margin dropped to 18.6 percent from 24.1 percent a year ago and 20.9 percent in the September quarter.
The revenue from digital cable TV services rose by 3 percent YoY to Rs 277.50 crore, while revenue from broadband services increased by 18 percent YoY to Rs 124.3 crore in the period under review.
Its digital cable TV subscribers rose by 9 percent YoY as it expanded its footprint in Delhi, Haryana, and Uttarakhand. The broadband active subscriber base increased by 17 percent YoY.
The average revenue per unit (ARPU) for broadband business rose by Rs 10 to Rs 455 on a YoY basis.
The company also launched ‘GTPL Genie+’, a B2C OTT apps aggregation product, offering subscriptions of OTT applications in convenient pocket-friendly packs. It is available to all existing customers of GTPL (Digital Cable TV and Broadband). Packs are available in 1-month, 3 months, 6 months, and annual subscriptions.
GTPL Hathway Limited is India’s largest multisystem operator (MSO) providing Digital Cable TV services and is the 6th largest Private Wireline Broadband service provider in India.
Shares of GTPL Hathway ended 3.11 percent lower at Rs 133.85 on Friday.
Rama Steel Tubes likely to invest Rs 600 crore in Uttar Pradesh for steel processing unit
Spotify interview | 'Much bigger diversity of artists occupying the global stage'

source

Related Posts

Why Bill Ackman Says This Company Could Be The Next Berkshire … – Benzinga

WeCommerce Holdings Ltd WECMF has announced a definitive agreement to combine with Tiny in a merger deal that is expected to create a profitable new technology holding…

Anne Hathaway Posts a Selfie Looking Fully Ageless – Cosmopolitan

Everyone’s pretty much making the exact same comment. Anne Hathaway spent the weekend at Sundance Film Festival promoting her new film Eileen, and she took a break…

Zacks Industry Outlook Highlights Berkshire Hathaway, Chubb, The … – Nasdaq

Zacks Industry Outlook Highlights Berkshire Hathaway, Chubb, The …  Nasdaqsource

Anne Hathaway Says It's "Thrilling" to See How Excited Fans Are for 'Princess Diaries 3' – Yahoo Life

If Anne hath ‘a way, Princess Diaries 3 would happen a lot faster.It was reported back in November that a sequel to the cult teen movie is…

Anne Hathaway's recent jaw-dropping selfie has fans all saying the same thing – Cosmopolitan UK

We earn a commission for products purchased through some links in this article. She has us GOOPED and GAGGED.Unlike most of the population nowadays, Anne Hathaway is…

Nick Major Joins Berkshire Hathaway Specialty Insurance as … – Business Wire

BOSTON & LONDON–(BUSINESS WIRE)–Berkshire Hathaway Specialty Insurance (BHSI) today announced it has appointed Nick Major to the position of Country Manager, BHSI UK. “BHSI has been in…

Leave a Reply

Your email address will not be published. Required fields are marked *